The complexity, volume, and pace of information flowing through your general ledger have exceeded the capacity of the control systems you have in place to assure its material accuracy, consistency, and reliability. New lines of business, mergers, acquisitions, and organizational changes have added to the challenge. As the core of your company’s financial records, your general ledger serves as the central system where all financial transactions and processes flow. The overall integrity is a function of the accuracy of millions to hundreds of millions of transactions.
Material misstatements, lack of quality controls, loss of productivity, inconsistencies, and reporting errors are some of the many reasons why leading companies implement independent automated information controls to address these needs. Companies investing in automation to institute reliable and sustainable processes have the confidence of knowing the transactions and reports within their general ledger are trustworthy.
Infogix Controls are the answer. They provide you with the following important benefits:
- Ensure integrity in your financial reporting processes.
- Shorten your financial close process.
- Detect and correct information errors early — before they reach your GL or financial reports.
- Reduce internal and external audit costs by streamlining control baselines, walkthroughs, and testing.
The Information Integrity Experts™
Infogix has over 25 years of Information Integrity expertise. Many of the world’s leading corporations depend on us. In fact, many have mandated Infogix Controls as the standard. And unlike other available options, Infogix Controls apply to all business processes across your enterprise – to ensure that all of your information is accurate, consistent, and reliable. Infogix offers you a complete standard and solution that includes flexible information validation rules, balancing checks, detail cross-checking, and duplicate transaction detection.
Infogix Controls™ can help you eliminate errors in your General Ledger by verifying the plethora of feeds coming in. But it's much more than that. You can validate and track these transactions as they originate upstream in your IT processing and verify appropriate business rules are applied as the transactions flow across computing platforms such as legacy and open systems and across applications and even business boundaries. Here are some additional examples of important benefits that Infogix Controls help you achieve:
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Eliminate costly and error-prone manual balancing and reconciliation activities.
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Validate that all incoming record feeds balance with respective source systems.
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Automatically check 100% of the entries and transactions.
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Gain early warning of disruptive information problems.
Join hundreds of other industry leading companies who have successfully implemented automated General Ledger controls and other Information Integrity® solutions from Infogix.
For More Information
To learn more about how Infogix Controls can independently and automatically ensure the integrity of your General Ledger, read our datasheet. For further information, contact us today.
